Zhongjin: The new Federal Reserve Chairman Kevin Wash is likely to successfully take over before the June FOMC meeting and lead the interest rate decision at the next FOMC meeting on June 17th.

The CICC research report stated that Kevin Warsh, the likely next Federal Reserve Chairman, will smoothly take over before the June FOMC. Warsh completed the Senate hearing on April 21 and was approved by the Senate Banking Committee on April 29. Next, he only needs to pass the final vote of the Senate and be appointed by the President. Considering that the previous criminal investigation against Powell had subsided and the Republican Party controls the Senate, Warsh's assumption of the Federal Reserve chairmanship is almost obstacle-free. At present, the prediction market Kalshi expects a 97% probability that Warsh will officially assume the position of Federal Reserve Chairman before June, and he is likely to lead interest rate decisions at the next FOMC meeting on June 17th.